Venture Scout - Apply Here
About Favcy:
Favcy is India’s largest Venture Builder. We identify ventures at an idea stage and co-build them with the founders all the way up to product, traction, growth, and exit. Starting from a simple idea to a full-blown successful scalable startup, we take founders through our tested and frugal model to ensure capital efficiency while being effective in pushing traction. We are an end-to-end Startup Ecosystem bringing strategy, resources, and capital to the table. Having co-built 30+ startups in the last 3 years, we have a 5000+ strong founder and investor network.
About Favcy Capital:
Favcy Capital is a premier investment banking firm specializing in venture funding and strategic capital raising. Our IB vertical focuses on identifying and supporting high-potential startups with scalable solutions, helping them raise funds from investors who believe in their vision and growth trajectory. We are currently looking for a dynamic and motivated Venture
Scout to identify and connect us with startups seeking fundraising opportunities.
About the Role:
The Venture Scout will play a critical role in identifying promising startups that are seeking to raise funds and aligning them with our investment criteria. The ideal candidate will have a keen eye for high-growth potential startups, a strong network within the startup ecosystem, and the ability to assess eligibility for our funding programs. Additionally, the Venture Scout will be incentivized based on the scale and success of the fundraising efforts they facilitate.
Location: Remote/ India-Based
Responsibilities:
● Identify Startups: Scout for startups across various industries that are looking to raise funds. Build relationships with startup founders, accelerators, incubators, and other ecosystem players to continuously discover new leads.
● Assess Eligibility: Screen potential leads to ensure they meet the investment criteria set by Favcy Capital. This includes evaluating business models, growth prospects, market potential, and financial needs.
● Matchmaking: Match startups with the appropriate funding options based on their needs (2 crore to 4 crore, or more than 5 crore).
● Engage and Build Relationships: Establish and maintain strong relationships with startup founders and their teams to gain an understanding of their fundraising needs and offer guidance throughout the process.
● Fundraising Contribution: In cases where the venture scout plays a role in the fundraising process, actively participate in key activities such as preparing pitch materials, facilitating investor introductions, and assisting with negotiations.
● Reporting: Provide regular updates to the Favcy Capital team on the status of leads, including progress in assessments, matchmaking, and fundraising efforts.
Requirements:
● Proven experience in venture scouting, startup fundraising, or a related field.
● Strong network in the startup ecosystem, including founders, investors, and accelerators.
● Knowledge of the investment landscape and fundraising processes.
● Excellent communication and interpersonal skills, with the ability to build rapport with startup teams and investors.
● A self-starter with a proactive approach to sourcing leads and closing deals.
● Experience or familiarity with financials, business models, and market analysis.
Compensation Structure:
● For Startups Raising Between 2 Crore to 4 Crore:
○ Retainer Fee: INR 1.5 Lakh per successful lead.
○ Incentive: 5% of the retainer amount (INR 7,500) for each successful lead.
○ Fundraising Contribution: 5% of the 4% success fee charged for any deals the venture scout actively contributes to.
● For Startups Raising More Than 5 Crore:
○ Retainer Fee: INR 1 Lakh per successful lead.
○ Incentive: 10% of the retainer fee (INR 10,000) for each successful lead.
○ Fundraising Contribution: 10% of the 4% success fee charged for any deals
the venture scout actively contributes to.
Performance Expectations:
● Lead Generation: At least 4 to 5 startup leads per month that meet the fundraising criteria.
● Conversion Rate: A successful conversion rate of at least 30% from lead generation to active fundraising.
● Fundraising Support: Actively contribute to the fundraising process when required to maximize compensation and success.
Why Join Us:
At Favcy Capital, you’ll be part of an innovative and fast-paced team where you’ll have the opportunity to work with cutting-edge startups and help shape their funding journeys. This role offers the potential for high earning through performance-based incentives and the satisfaction of making a tangible impact in the startup ecosystem.
Apply Here -